Tuesday, December 13, 2005

São Tomé & Príncipe: Oil Rich African Island-Nation

São Tomé & Príncipe
Originally uploaded by Joana S..
Sao Tome and Principe are former Portuguese colonies that gained their independence after the collapse of the imperialist forces based in Lisbon during 1974. They along with another Portuguese colony, Angola, possesss some of the most coveted oil reserves in Africa. Will this exploitation of oil resources benefit the masses of the people in this nation or will it be simply a boon for the multi-national oil firms?

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